Greenwich business briefs

Published 10:12 pm, Monday, October 27, 2014

Starwood,

Sankaty acquire $800M portfolio

Greenwich-based Starwood Capital Group, a leading global private investment firm, and Sankaty Advisors, the independently managed credit affiliate of Bain Capital, announced they have acquired, through a controlled affiliate, a portfolio of secured and unsecured loans from BFA-Bankia Group. The portfolio, which has a par value of $800 million, is made up of two distinct types of loans: One part is secured against hotel collateral in Spain, with a concentration in resort locations; the other is a pool of syndicated and bilateral loans secured against Spanish small and medium enterprises, with a mix of collateral including real estate. This is the largest portfolio of such loans to be sold in Spain and is the first of its kind to comprise both hotel and corporate loans.

Local businesses are invited to reserve their tables at the annual Quad Chamber Expo & Business Networking Tabletop Expo. The event will take place from 4 to 7 p.m. on Thursday, Nov. 20, at the University of Connecticut Stamford, 1 University Place, Stamford. The Greenwich Chamber of Commerce is one of four local organizations that planned the event, which will offer small companies the opportunity to establish their message and promote their business. In addition to the expo, the Greenwich Chamber also wishes to remind local businesspeople that the September After Six networking event originally scheduled for last week will be held on Thursday, Oct. 30. The program will take place from 5:30 to 7 p.m. at Delamar Hotel, 500 Steamboat Road. Local businesspeople are invited to exchange business cards, enjoy appetizers and to network. There will be raffles, as well as wine, courtesy of PID Floors. The event costs $15 for chamber members and $25 for others. To register, call 203-869-3500 or log on to www.greenwichchamber.com.